Futures Trading and Professional Mentoring » success in trading futures and options markets http://www.professionaltradermentoring.com Jeff Quinto has decades Experience to trade futures contracts (eminis) and all products of the CME, also Forex and he coached hundreds of Trader worldwide. Tue, 12 Sep 2023 18:16:43 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Days to take off guilt free – Humphrey Hawkins, two days, twice a year http://www.professionaltradermentoring.com/blog/2012/02/29/days-to-take-off-guilt-free-humphrey-hawkins-two-days-twice-a-year/ http://www.professionaltradermentoring.com/blog/2012/02/29/days-to-take-off-guilt-free-humphrey-hawkins-two-days-twice-a-year/#comments Wed, 29 Feb 2012 16:37:12 +0000 Jeff Quinto http://www.professionaltradermentoring.com/?p=5040 Twice a year, the Federal Reserve Chairman gives a report to, first, the House Banking Committee and, then usually the next day, to the Senate Banking Committee.

This testimony was started during the Carter-era as part of the Humphrey-Hawkins Full Employment and Balanced Growth Act of 1978. It continues twice a year, two days in February and again two days in July. These are low-probability days to trade as the market jumps every time Bernanke says one thing and, then another.

My advice is that these four Humphrey-Hawkins days are good days to take off from trading guilt-free.

]]> http://www.professionaltradermentoring.com/blog/2012/02/29/days-to-take-off-guilt-free-humphrey-hawkins-two-days-twice-a-year/feed/ 0 The King’s Speech – overcoming adversity and meeting the challenge http://www.professionaltradermentoring.com/blog/2011/02/06/kings-speech/ http://www.professionaltradermentoring.com/blog/2011/02/06/kings-speech/#comments Sun, 06 Feb 2011 19:28:51 +0000 Jeff Quinto http://professionaltradermentoring.com/?p=3191 To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2011/02/06/kings-speech/feed/ 0 The Year of the Rat gives way to the Year of the Bull http://www.professionaltradermentoring.com/blog/2009/01/25/the-year-of-the-bull/ http://www.professionaltradermentoring.com/blog/2009/01/25/the-year-of-the-bull/#comments Sun, 25 Jan 2009 19:32:22 +0000 Jeff Quinto http://professionaltradermentoring.com/2009/01/25/the-year-of-the-bull/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2009/01/25/the-year-of-the-bull/feed/ 0 The greatest trader in the world http://www.professionaltradermentoring.com/blog/2008/12/30/the-greatest-trader-in-the-world/ http://www.professionaltradermentoring.com/blog/2008/12/30/the-greatest-trader-in-the-world/#comments Tue, 30 Dec 2008 20:53:00 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/12/30/the-greatest-trader-in-the-world/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2008/12/30/the-greatest-trader-in-the-world/feed/ 0 How to succeed in futures trading in 2009 by W.D. Gann, circa 1923 http://www.professionaltradermentoring.com/blog/2008/12/16/gann/ http://www.professionaltradermentoring.com/blog/2008/12/16/gann/#comments Tue, 16 Dec 2008 20:31:16 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/12/16/what-it-takes-to-succeed-in-futures-trading-in-2009-by-wd-gann-circa-1923/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2008/12/16/gann/feed/ 0 How long does it take? Ask Bob from Beulah http://www.professionaltradermentoring.com/blog/2008/12/12/how-long-does-it-take-ask-bob-from-beulah/ http://www.professionaltradermentoring.com/blog/2008/12/12/how-long-does-it-take-ask-bob-from-beulah/#comments Fri, 12 Dec 2008 22:02:59 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/12/12/how-long-does-it-take-ask-bob-from-beulah/ Hi Jeff;
 
When I first talked to you I remember you saying that the best trader you have known took 9 months to become profitable. Like, I’m sure everyone that heard the best took 9 months set that as a target to meet. Most people that are successful and start a new venture believe that should and will compete with the best.
 
When I didn’t make it in 9 months, or 10 months, ….., or 16 months, I felt I had failed to meet my expectation and that I was never going to be the best because I couldn’t come close to the best ever.
 
What I learned is that trading is very much like learning a craft and apprenticeships take time so that the apprentice can become a skilled craftsman. The time is more like 2 years for most of us.
 
I also have come to understand that what I ultimately achieve in trading is not dependent on how fast I became successful. I may yet become a great trader. That’s up to me at my own pace.
 
I appreciate your support, guidance and above all your friendship.
 
Bob

]]> http://www.professionaltradermentoring.com/blog/2008/12/12/how-long-does-it-take-ask-bob-from-beulah/feed/ 1 Two Great Futures Traders http://www.professionaltradermentoring.com/blog/2008/10/16/two-great-futures-traders/ http://www.professionaltradermentoring.com/blog/2008/10/16/two-great-futures-traders/#comments Thu, 16 Oct 2008 20:12:25 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/10/16/two-great-futures-traders/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2008/10/16/two-great-futures-traders/feed/ 0 Why do the same people consistently win at futures trading and how can you become one of them? http://www.professionaltradermentoring.com/blog/2008/09/28/why-do-the-same-people-consistently-win-at-futures-trading-and-how-can-you-become-one-of-them/ http://www.professionaltradermentoring.com/blog/2008/09/28/why-do-the-same-people-consistently-win-at-futures-trading-and-how-can-you-become-one-of-them/#comments Sun, 28 Sep 2008 23:56:01 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/09/28/why-do-the-same-people-consistently-win-at-futures-trading-and-how-can-you-become-one-of-them/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2008/09/28/why-do-the-same-people-consistently-win-at-futures-trading-and-how-can-you-become-one-of-them/feed/ 0 Sticking to your well thought-out plan http://www.professionaltradermentoring.com/blog/2008/09/09/sticking-to-your-well-thought-out-plan/ http://www.professionaltradermentoring.com/blog/2008/09/09/sticking-to-your-well-thought-out-plan/#comments Tue, 09 Sep 2008 15:31:35 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/09/09/sticking-to-your-well-thought-out-plan/ To view the contents of this post, you must be authenticated and have the required access level.

]]> http://www.professionaltradermentoring.com/blog/2008/09/09/sticking-to-your-well-thought-out-plan/feed/ 0 Why should you have a written trading plan? http://www.professionaltradermentoring.com/blog/2008/06/03/why-should-you-have-a-written-trading-plan/ http://www.professionaltradermentoring.com/blog/2008/06/03/why-should-you-have-a-written-trading-plan/#comments Tue, 03 Jun 2008 14:15:07 +0000 Jeff Quinto http://professionaltradermentoring.com/2008/06/04/why-should-you-have-a-written-trading-plan/ Regardless of what you have attempted to do in the past, trading is likely to be the hardest thing you will ever do.It, also, has the potential to be the most joyous and rewarding thing you will ever do.

The fact is that trading is hard because it forces you to face your every weakness.  Your slightest negative emotion can be magnified until you are overcome with disappointment and self-doubt.

Trading can, also, be a daily test that you welcome because you know you are up to the challenge.

The consistent results you get in your trading, good or bad, are really the result of either following your well thought-out structured plan or the result of your free-form uncontrolled trading

So, what is the best way for a trader to assure that he or she will be in control of his trading?

To me, the answer is clear.

Every trader should have and follow his written trading plan.

If you are a new trader your written trading plan will serve as a guide to help you know what to do when you are not completely sure of what is best and what is not.

The fact is that an imperfect trading plan is immeasurably better than no plan.

As my favorite professor once told me, “our goal is completion, not perfection.”

Do not worry that you do not have the perfect plan.  Concentrate on developing and following your imperfect plan.  Just having a plan will put you ahead of 90% of the traders in the market who are competing with you.

If you are an accomplished trader, a written plan will help you capitalize on your already-honed skills.

If you do not have a plan, then you are like the captain of a sleek ship without a map.  You can go fast, but there is no way to predict where you will go.  You may look like you know where you are going, but it will not take long for you to crash against the rocks or be lost at sea.

I believe so strongly in the importance of a written trading plan that the first thing we do in the Electronic Trader Mentoring Program and the most important thing we do during the Professional Trader Mentoring Week is to develop a comprehensive, executable, measureable trading plan.

As Yogi Berra said, “If you don’t know where you are going, you will wind up somewhere else.”

Wishing you success in your trading,  Jeff

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